Shreedhar Motors Limited is witnessing a remarkable surge in applications for its upcoming initial public offering (IPO), which suggests a strong possibility of oversubscription. Company director Neeraj Maharaj informed The Fiji Times that the interest is notably increasing as the deadline for applications approaches next month.
Maharaj indicated that the company has received a substantial number of completed applications from both individual investors and private organizations. He underscored the firm’s dedication to expanding its ownership base beyond large institutions, aiming to include everyday investors and the wider community in its trajectory of growth.
The decision to go public coincides with the company’s 60th anniversary, celebrating its founding by Maharaj’s grandfather. Entering its third generation of leadership, Shreedhar Motors Limited is eager to embark on a new growth phase while promoting local community involvement in its success.
Plans for operational expansion are already in progress, with the company securing land in Nadi Back Road and Labasa for new showrooms. This initiative is designed to strengthen service delivery for the northern and western regions of Fiji. Additionally, Shreedhar Motors is exploring opportunities to diversify its vehicle imports.
Currently, Shreedhar Motors Limited is offering nine million shares priced at $1 each, with a minimum investment threshold set at $1,000. The IPO is slated to open in December 2025 and will close on February 27, 2026. This initiative not only marks a pivotal moment for the company but also signifies a proactive approach to facilitating community engagement in its growth narrative. The future looks promising for Shreedhar Motors Limited as it works to solidify its legacy and expand its reach within the community.